Suppose a Capital goods manufacturer brings out a new, more

| June 11, 2016

Question
Suppose a Capital goods manufacturer brings out a new, more efficient machine.

a. If the manufacturer hold a patent on this machine, who is likely to benefit the most from it. Explain?

b. Who will benefit most from this machine if the technology underlying the machine is not proprietary. Explain?

c. What are some of the things that the manufacturer can do to earn higher returns from this machine even without patent protection?

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